BASELOAD POWER ICELAND TO INCREASE CAPACITY WITH NEW GEOTHERMAL WELL

nóv 8,2022

Baseload Power Iceland and Varmaorka ehf. are pleased to announce that they have received all required approval to begin drilling a new well called ER-24 and located in Efri-Reykir, Bláskógabygð (64°14'13.6"N 20°31'00.1"W). Work will start in July 2022.

Efri-Reykir is a primary medium-sized enthalpy prospect located in the south of Iceland in an area with several active geothermal wells. The ER-24 well will be drilled close to its sister well, ER-23, which was established in 1988 and has consistently produced around 36 kg/s ever since. If successful, ER-24 will, together with ER-23, support the development of the Efri-Reykir Geothermal Project. This 2,5 MWe geothermal binary power plant can provide stable baseload electricity and heat to over 2000 local homes and businesses. This sees the continued increase of geothermal energy as part of the global transition towards renewable sources.

Read the full press release on CISION

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